Deflation in Armenia

[Mejgusu]

https://i.gifer.com/4ROl.gif

[Arsen_]

Armenian farmers have to liquidate grapes

Grape harvesting began in Armenia. The farmers have a good harvest this year. But the villagers are not happy with the abundance of grapes.

Due to the coronavirus pandemic, exports have dropped and local markets are overcrowded and prices have dropped. A kilogram of selected grapes costs 50 cents - half the price of last year.

[Westbrook]

What is the reason?

[Arsen_]

What is the reason?

I suppose the main reason is the unique mentality of Armenian people.

[Westbrook]

In other words you have no idea.

I suppose the main reason is the unique mentality of Armenian people.

[Arsen_]

According to the State Agency for Antimonopoly Regulation, the cost of a kilogram of lamb and beef in the CIS countries has the following minimum and maximum prices in ruble terms:

According to the Agency, the minimum prices for beef were fixed in Armenia - 258 rubles per kilogram, and the highest in Tajikistan - 376 rubles.

The minimum prices for lamb are also fixed in Armenia - 273 rubles per kilogram, and the highest in Uzbekistan - 393 rubles.

https://regnum.ru/news/economy/3062857.html

[Brás Garcia de Mascarenhas]

What is the reason?

Armenian debt to GDP increased nearly 10% this year alone. Deflation usually occurs when there is contraction in the economic activity.